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Since the last time you logged in our privacy statement has been updated.

Hi
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Since the last time you logged in our privacy statement has been updated.

We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes.You will not continue to receive KPMG subscriptions until you accept the changes.

Czech republic

Proposed legislation

VAT - 24 May 2018

A draft proposal would amend the VAT law to address the treatment of payments made by debit or credit cards and the electronic reporting of sales, and to reduce the rate of VAT for certain goods and services.

A regional court of České Budejovice held that if an agent’s activities are a separate and essential part of a non-resident taxpayer’s business activity, these give rise to a permanent establishment of the taxpayer in the Czech Republic.

The Supreme Administrative Court held that taxpayer compliance with certain formalities under the income tax law is a prerequisite for claiming R&D allowances. If a taxpayer fails to meet these conditions, the R&D claims may be challenged by the tax administrator.

European Union

Tax legislation approved and regulatory update

Mandatory disclosure - 4 May 2018

The new EU Mandatory Disclosure rules, also known as DAC 6, will apply from July 2020, but are expected to have a retrospective effect for all reportable arrangements that have their ‘first step’ after 20 days following publication of DAC 6 in the official journal.

This report is prepared by KPMG to provide the European Commission’s Directorate General for Taxation and Customs Union with an overview of the functioning of the Special Scheme for travel agents contained in Articles 306 to 310 of the VAT Directive.

Germany

Administrative and case law

VAT - 24 May 2018

The Court of Justice of the European Union issued a judgment concluding that the principles of effectiveness, neutrality, and proportionality preclude a national regulation that denies a business the ability to make a correction in order to assert a right (not yet lapsed) to deduct input VAT, merely because the correction relates to a period of time that has already been audited.

Italy

Administrative and case law

Permanent establishment - 21 May 2018

Guidance by the tax authorities (Guardia di Finanza) and recent decisions by Italian courts have examined and clarified the definition of permanent establishment following amendments made by the budget law of 2018.

Netherlands

Proposed legislation

Anti-tax avoidance / Corporate income tax - May 2018

The Deputy Minister of Finance sent letters to both houses of parliament in response to questions and to explain the plans for legislation to implement an anti-tax avoidance directive and the fiscal unity rules for corporate income tax purposes.

The Advocate General of the CJEU issued an opinion in a case on referral from the Supreme Court of the UK, and concluded that the VAT exemption for the provision of credit cannot be applied to hire-purchase transactions; that a hire-purchase transaction is a single supply of a service or a good; and that the whole supply is to be treated as taxable.

Nigeria

Tax legislation approved and regulatory update

Tax compliance / Immigration - 7 May 2018

The Federal Ministry of Interior beginning 7 May 2018 will process various applications electronically (online). Electronic processing will apply for business permits, expatriate and citizenship applications, among others.

The South African Revenue Service published a draft notice, for comment, concerning individuals who are required to submit income tax returns for the 2018 year of assessment, as well as the dates on which those returns are due.

A VAT communique has an effective date of 1 January 2018 and concerns supplies of “e-services”—specifically, services provided electronically to individual consumers in Turkey by entities that do not have a tax residence, workplace, registered head office or business center in Turkey. These entities, therefore are required to register in Turkey.

United Kingdom

Tax legislation approved and regulatory update

Tax compliance - 30 September 2018

Requirement to Correct (RTC) provides a window of opportunity for individuals, trustees and companies (e.g. corporate non-UK resident landlords) to correct any offshore aspect to their tax affairs up until 30 September 2018.